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special issue of the Czech Journal of Economics and Finance cover selected aspects of the crisis, including the contagion from … advanced economies to emerging markets, the potential for contagion among European emerging markets, the differentiated impact … of the crisis on European economies, and the negative spillovers between market liquidity and banking sector liquidity …
Persistent link: https://www.econbiz.de/10008480573
brought about by financial interlinkages. This article focuses on such interlinkages within Europe and potential contagion … growth before the turmoil; analyzes potential channels of contagion through financial linkages; and assesses the magnitude of … article provides indices of exposure to regional contagion that could help identify the likely pressure points and capture …
Persistent link: https://www.econbiz.de/10008480574
weakness is that they omit potential risks embedded in the banking groups™ geographical structures by assuming that capital and …
Persistent link: https://www.econbiz.de/10013088407
US net capital inflows drive the international synchronization of house price growth. An increase (decrease) in US net capital inflows improves (tightens) US dollar funding conditions for non-US global banks, leading them to increase (decrease) foreign lending to third-party borrowing countries....
Persistent link: https://www.econbiz.de/10012420240
The global financial crisis has reignited the debate about the risks of financial globalization, in particular the international transmission of financial shocks. We use data on individual loans by the largest international banks to their various countries of operation to examine whether banks'...
Persistent link: https://www.econbiz.de/10013131054
The global financial crisis and the related sharp reduction in cross-border credit have reignited the debate about the risks of financial globalization. We use loan-level data on lending by the largest international banks to their various countries of operation to examine how banks reduced...
Persistent link: https://www.econbiz.de/10013113689
I examine U.S. firms' motives for participating in cross-border syndicated loans with foreign banks. Firms borrowing from foreign lead arrangers pay higher interest rates on their loans compared to firms borrowing from local banks, controlling for firm and loan characteristics and using matched...
Persistent link: https://www.econbiz.de/10012270749
on the period since 2014 and on the banking sectors that dominate financial systems in this group of countries. It …
Persistent link: https://www.econbiz.de/10011645431
Global banks use their global balance sheets to respond to local monetary policy. However, sources and uses of funds are often denominated in different currencies. This leads to a foreign exchange (FX) exposure that banks need to hedge. If cross-currency flows are large, the hedging cost...
Persistent link: https://www.econbiz.de/10011687276
2016 (unless the analysis requires a longer time span) and on the banking sectors that dominate financial systems in this … calls for continued efforts to promote the use of domestic currencies in the financial system. At the same time, banking … a period of heightened financial stress during 2018 and, while its banking system appears to have sufficient buffers to …
Persistent link: https://www.econbiz.de/10012110105